From $3M to $250M: Massive Bitcoin Whale Moves Signal Fresh Rally, Will BTC Break Through $88,250?

Bitcoin’s positive momentum is starting to rise again, and larger-money players are making their move. On-chain data indicates that Bitcoin whales are back in accumulation mode after a short pause. This fresh buy action comes on the heels of BTC rising over 15% from its March 10 low of $76,600, now sitting in the high $80,000s. A combination of macroeconomic factors, such as softer U.S. inflation readings and a shift in geopolitical sentiment, is seemingly creating new optimism in the market.

Bitcoin Whale Activity Suggests Stronger Hands Are Buying

Crypto analyst, Ali Martinez, recently pointed out that 48 new wallets are holding at least 100 BTC, which suggests that large investors are stacking up. Additionally, on-chain intelligence firm Arkham reported that dormant Bitcoin wallets are waking up. One wallet that hadn’t been used since 2017 started using BTC again; its original value was just over $3 million, and now it is around $250 million. When whales start moving, it usually means that something big is coming, and with the recent surge in whale activity, it seems they are betting on the strength of Bitcoin for the long haul.

Is a New All-Time High on the Horizon?

Many analysts expect that Bitcoin made a bottom recently at $76,600 and is getting ready to run. The former CEO of BitMEX, Arthur Hayes, believes that BTC is bottomed out despite stock markets potentially facing some additional volatility. Key technical signals such as the relative strength index (RSI) show bullish signals, and Bitcoin has recently passed through a considerable period of downtrending with strength. There are many chart indicators and market variables to consider, so let’s take a look at the charts and key levels of interest for Bitcoin next.

Price Analysis and BTC Price Prediction

The March 26 trading session began cautiously, with Bitcoin showing little movement following the previous session’s drop and recovery. At 02:00 UTC, a death cross on the MACD signaled further correction.  At 03:55 UTC, a golden cross formed, which coincided with the signals of an RSI oversold condition. This resulted in an initial cautious rally towards resistance. The key resistance and support level stands at $88250 and $86500.

Chart 1, Analyzed by Alokkp0608 published on March 27, 2025.

By 08:10 UTC, however, the bearish momentum accelerated, as the MACD formed another death cross, which coincided with an RSI overbought signal. This pushed BTC into a downtrend channel. Bulls attempted to regain control, but further bearish pressure emerged, forcing prices to test support. At 18:35 UTC, there was a breakout below support, following another death cross on the MACD. 

At 19:35 UTC, BTC made a low of $85,920, which led to very aggressive buying when a golden cross appeared, as well as an oversold RSI. This spawned a rapid recovery back above support as BTC was able to race back up. As the new trading day started on March 27, BTC continued its upward push, hovering around $87,500 and setting its sights on breaking resistance.

Whales Are Buying, But Can Bitcoin Overcome Resistance?

Bitcoin’s most recent price movements have been a tug-of-war between the bullish accumulation of whale wallets and a nebulous degree of technical resistance. On-chain data suggests that Bitcoin whales are accumulating the digital asset, with 48 new wallets holding at least 100 BTC, indicating significant confidence from investors. In addition, dormant wallets have begun buying again, adding speculation that some players are starting to position themselves for longer-term accumulation. 

Technical indicators paint a different picture, exhibiting mixed signals. The last two sessions generated multiple death crosses on the MACD, forcing BTC into a downtrend. Fortunately, aggressive buying pressure at $85,920 marked the end of the downturn, as triggered by an RSI (relative strength indicator) oversold signal and a golden cross. This swift turnaround brought BTC back above the support level of $86,500, while resistance is now at $88,250.

From here, BTC’s ability to break through resistance could determine its direction in the short term. Regardless, another rejection at resistance could reignite instability and keep traders on notice. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.